The Lowdown on Applicant Screening for Your Summerlin Investment

Let’s get real: the heart and soul of great property management is the screening process. Finding stellar tenants is what keeps everyone smiling—from owners to neighbors. That’s why we’ve developed a top-notch resident screening system (backed by our secret weapon: a proprietary scoring card). We dig deep into the nitty-gritty of each applicant, analyzing income, credit worthiness, rent payment history, employment background, and more to ensure that the tenant you get will treat your property like the treasure it is.

Our resident screening isn’t just a checklist; it’s a full-on investigation! We pull data from eviction records, address history, criminal checks, and even credit scores. By using our statistically validated scoring model, we gain a crystal-clear view of potential tenants, making sure we only place the most reliable ones who will pay on time and respect their lease obligations.

Fun Fact: Thanks to our scoring card, we’re proud to say we’ve never had to evict a tenant we placed in a managed property. Now that’s a badge of honor! Want to see our secret sauce? Check out Rice Real Estate’s Screening Criteria and Scoring Card.

Keeping Turnover Low

When it comes to keeping tenants happy, fast follow-ups on maintenance requests are our jam! Happy tenants mean a well-kept property, and we ensure a smooth balance between tenant loyalty and maximizing your income.

Protecting your investment means only using top-notch repair professionals. We have fantastic relationships with the best vendors in town, so we can diagnose problems quickly and fix them right the first time. Your property deserves the VIP treatment, and we’re here to provide it!

Spreading the Word: How We Advertise Your Summerlin Rentals

At Rice Real Estate & Property Management, we don’t just sit back and hope for the best; we actively seek out high-quality tenants for your properties! Our listings pop up on a multitude of websites, and we reach out to over 14,000 local agents.

Unlike other property management companies in Las Vegas, we understand that prospective tenants don’t stick to a 9-to-5 schedule. That’s why we’re here to answer calls, texts, and emails every single day of the week (yes, even on weekends!). With our average turnaround for “rent-ready” properties sitting pretty at 7-14 days, you can trust that we’re working our tails off for you.

What’s My Property’s Rent Rate?

Staying in tune with the Las Vegas market is key, and we conduct ongoing rent surveys to keep you in the loop. We’ll recommend a competitive rental rate based on various factors, including how quickly you want to fill the property and how it compares to others in the area. But remember, you’re the boss! You have the final say on the rental rate.

What Condition Should My Summerlin Investment Be In?

First impressions matter, especially when marketing a vacant rental property. If your property isn’t “Rent Ready” from the get-go, it could linger on the market longer than an unwanted family guest. We’ve seen that properties in tip-top shape attract better tenants who care about maintaining the home.

We always recommend a little TLC before listing: think fresh paint, clean flooring, functional blinds, and everything in working order. A little effort goes a long way in attracting quality renters!

Furry Friends: Are Pets Welcome?

The final decision on allowing pets rests with the owner, but here’s a fun fact: 65-70% of tenants have a pet! Not allowing pets could limit your pool of potential renters and result in longer vacancies. If you’re open to furry companions, we’ll handle the paperwork, including a pet addendum and an additional security deposit.

Let’s be clear: service animals are a different story. We cannot discriminate against them and must comply with the law, which means no additional deposits or breed restrictions. We verify service animals through a trusted third-party pet screening service.

Repair Requests: How Do We Handle Them?

When it comes to repairs, we have your back! Any repair costing under $300 will be swiftly handled by our team. For repairs over $300, we’ll get your approval first.

Emergency repairs don’t need prior approval—they’re like those surprise pop quizzes in school! These include issues that threaten the property or tenant safety, like flooding or no heat. By law, properties must be kept in “habitable” condition, and we’re here to make sure yours meets that standard.

What if My Tenant Doesn’t Pay Rent?

Don’t worry; we take rent collection very seriously! Rent payments are posted on the 25th of each month and considered late on the 2nd. If a tenant hasn’t paid by then, we’ll reach out and possibly assess a late fee. If the rent is still unpaid by the 3rd (or the next business day if it falls on a weekend), we’ll communicate with them and take legal action.

Nevada law allows tenants 7 judicial days to pay or vacate, and in our experience, most tenants tend to pay up before that deadline. If they don’t, we take the next steps to secure a court order for a lockout.

What Happens if My Tenant Vacates and the House Has More than Normal Wear?

Once a tenant moves out, we conduct a thorough inspection to compare it against our move-in documentation (complete with photos). We’ll identify any damages beyond normal wear  that may be chargeable to the tenant.